Japan’s Nuclear Restarts Seen as Long-Term Drag on LNG Prices
Operators restart the nuclear reactor inside the Kyushu Electric Power Sendai plant in Japan on August 11, 2015. Photographer: Jiji Press/AFP/Getty Images
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Japan restarting its nuclear reactor fleet will keep pressure on depressed liquefied natural gas prices for years as the nation’s electricity utilities, the biggest buyers of the fuel, reduce purchases.
Japan turned to LNG for gas-fired power plants as safety concerns forced the shutdown of all the country’s reactors after the March 2011 Fukushima nuclear disaster.